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China|5-10 years|
Suspicious Regulatory License|White label MT4|Regional Brokers|High potential risk|


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Server Name
FinleLimited-Demo MT4
Server Location United States




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Contact number

Chinese (Simplified)


Broker Information


Company Name

Finlefx Limited

Company Abbreviation


Platform registered country and region


Company website

Pyramid scheme complaint


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Warning: Low score, please stay away!
Previous Detection : 2024-04-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Finle · Company Summary

Aspect Information
Registered Country/Area China
Company Name Finlefx Limited
Regulation Unregulated
Minimum Deposit Not specified
Maximum Leverage Up to 1:500
Spreads Competitive on major currency pairs
Trading Platforms MetaTrader 5 (MT5)
Tradable Assets Forex (Forex pairs, commodities, indices)
Account Types Standard and Demo
Demo Account Available for practice
Islamic Account Not mentioned
Customer Support Limited, contact number and email
Payment Methods Cryptocurrencies only
Educational Tools None provided
Website Status Reported as down and associated with fraud
Reputation (Scam or Not) Suspicions raised due to website issues


Finlefx Limited, an unregulated brokerage based in China, presents a concerning profile for potential investors. Its unregulated status, coupled with a lack of specified minimum deposit requirements, raises red flags regarding transparency and safety. The website's reported downtime and its association with fraud allegations add to the skepticism surrounding the company's reliability. The absence of educational resources and the exclusive reliance on cryptocurrencies for financial transactions further limit its appeal, hindering traders' growth and leaving little room for traditional payment methods. With limited customer support options, including a contact number and email, users may find themselves struggling to obtain assistance in a timely and efficient manner. These factors, combined with the exclusive focus on Forex trading, underscore the need for caution and thorough research before considering Finlefx Limited as a viable investment option.



Finle is an unregulated broker, which means it operates without oversight or regulation by any financial authority or government agency. This lack of regulatory oversight can pose significant risks for investors, as it may lead to a lack of transparency, inadequate customer protections, and potential issues related to the safety and security of funds. Investors are advised to exercise caution and thoroughly research and consider the potential risks associated with dealing with unregulated brokers like Finle before engaging in any financial transactions or investments with them.


Pros and Cons

Finle, as an unregulated Forex-only broker, has both advantages and disadvantages to consider. While it offers competitive spreads and a high leverage option, it lacks diversification in trading instruments. Additionally, its exclusive reliance on cryptocurrencies for deposits and withdrawals can be seen as a drawback. The absence of educational resources may hinder traders' growth and development, and the reported website issues raise concerns about its reliability.

Pros Cons
Competitive spreads on major currency pairs Exclusive focus on Forex, limiting diversification
High leverage of up to 1:500 Limited deposit and withdrawal methods (only crypto)
Utilizes the MetaTrader 5 (MT5) platform Lack of educational resources may hinder trader growth
Website reported as down and associated with fraud

Market Instruments

Forex only.


Forex (Foreign Exchange):

  • Currency Pairs: Forex trading involves the exchange of one currency for another. Currency pairs are the primary instruments, with a base currency and a quote currency. For example, in the EUR/USD pair, the Euro (EUR) is the base currency, and the US Dollar (USD) is the quote currency.

  • Spot Market: Most forex transactions occur in the spot market, where currencies are bought and sold for immediate delivery at current market prices.

  • Futures and Options: Some traders use currency futures and options contracts to speculate on future exchange rate movements or hedge their positions.

  • Exchange-Traded Funds (ETFs): Forex ETFs provide exposure to currency markets, allowing investors to trade a basket of currencies like stocks.

  • Leverage: High leverage is a common feature of forex trading, enabling traders to control larger positions with a smaller amount of capital.

Finle's exclusive focus on the Forex market instruments is limiting for traders seeking diversification and a broader range of investment opportunities. By offering only Forex trading, it fails to provide users with access to other asset classes like stocks, commodities, or cryptocurrencies, which are commonly available on more comprehensive brokerage platforms. This lack of diversification could hinder investors looking for a well-rounded portfolio or those who wish to hedge their investments in different financial markets.

Account Types

Finle offers two types of accounts to its users: a standard account and a demo account.

  1. Standard Account: The standard account is designed for live trading in the Forex market. Users who opt for this account type can deposit real funds and engage in actual trading with real money. Depending on the broker's terms, standard accounts may offer various features such as access to a wide range of currency pairs, leverage options, and different fee structures. Traders using standard accounts are exposed to the real risks and rewards of the Forex market.

  2. Demo Account: The demo account, on the other hand, is a practice account provided by Finle. It is typically a simulation of a standard trading account, but it uses virtual or demo money instead of real funds. This account is meant for educational and training purposes. Traders can use the demo account to practice their trading strategies, test the broker's platform, and become familiar with the Forex market without risking their own capital. It's a valuable tool for beginners to gain experience and confidence before transitioning to live trading.

These two account types serve different purposes. The standard account is for traders looking to invest real money and actively participate in the Forex market, while the demo account is a risk-free environment for learning and honing trading skills. Users can choose the account type that best aligns with their trading objectives and experience level.



The broker offers a maximum trading leverage of up to 1:500. Leverage in the context of trading refers to the ability to control a larger position size with a relatively smaller amount of capital. In this case, a leverage ratio of 1:500 means that for every $1 of capital deposited in the trading account, the trader can control a position worth up to $500 in the Forex market.

While high leverage can amplify potential profits, it also significantly increases the level of risk. Traders should exercise caution when using high leverage, as it magnifies both gains and losses. It's essential for traders to have a solid risk management strategy in place when trading with such high leverage, as it can lead to rapid and substantial capital loss if not used prudently. Moreover, the availability of high leverage is subject to regulatory restrictions in some jurisdictions, so traders should be aware of the specific leverage limits applicable to their region.

Spreads and Commissions

Spreads: Finle offers spreads on major currency pairs, with average spreads ranging from 0.5 pips for EUR/USD to 2 pips for exotic pairs like USD/TRY. This means that when you open a position, you would typically incur a cost equivalent to the spread, which can vary depending on market conditions.

Commissions: Finle follows a commission-free model for standard accounts. However, for professional or premium accounts, a commission of $5 per lot (100,000 units of the base currency) is applied. This commission structure aims to provide traders with options based on their trading preferences and volume.

Deposit & Withdrawal

The deposit and withdrawal methods offered by Finle are limited to cryptocurrencies only, which raises concerns and may be considered suspicious by some investors. While cryptocurrencies are a legitimate and widely accepted form of payment, the exclusive reliance on them for financial transactions with a broker can be seen as a deviation from the industry norm. Investors and traders may find it suspicious due to the potential lack of transparency or regulatory oversight compared to traditional fiat currency methods. Additionally, the use of cryptocurrencies for financial transactions can introduce added complexity and may not suit all users, especially those more comfortable with traditional banking and payment methods. Consequently, the exclusive use of cryptocurrencies for deposits and withdrawals may deter potential users who prefer more conventional options.

Trading Platforms


Finle offers the MetaTrader 5 (MT5) trading platform, providing traders with a robust and widely recognized tool for conducting their Forex trading activities. MT5 is known for its advanced charting capabilities, technical indicators, and algorithmic trading features, allowing traders to implement and test various strategies. The platform also offers access to a wide range of financial instruments, including currency pairs, commodities, and indices. With its user-friendly interface and compatibility across multiple devices, including desktop and mobile, MT5 caters to traders of all experience levels, making it a convenient choice for those looking to engage in Forex trading with a reputable and versatile platform.

Customer Support

Finle's customer support, unfortunately, appears to have shortcomings. While they provide a Chinese (Simplified) contact number, the lack of an international or toll-free number might be inconvenient for non-Chinese-speaking users, potentially limiting accessibility for a broader clientele. Additionally, their sole reliance on email as an alternative means of contact can result in slower response times and may not adequately address urgent or time-sensitive inquiries. This limited and less responsive customer support approach can be frustrating for users seeking timely assistance or support in languages other than Chinese.

Educational Resources

Finle's absence of educational resources is a significant drawback for traders, particularly for those who are new to the Forex market or wish to enhance their trading knowledge. Without access to educational materials such as webinars, tutorials, or written guides, users are left to navigate the complexities of Forex trading largely on their own. This deficiency in educational support could hinder the development of traders' skills and strategies, potentially leading to increased risks and suboptimal trading decisions. As comprehensive education is a valuable asset in the trading world, the lack of such resources provided by Finle is a clear disadvantage.


Finle, an unregulated broker offering only Forex trading, appears to have several significant drawbacks. With a lack of regulatory oversight, there are concerns about transparency and investor protections. The absence of educational resources limits the potential for traders to develop their skills and strategies, and the exclusive reliance on cryptocurrencies for deposits and withdrawals may deter those who prefer traditional payment methods. The reported issues with the website being down and associated fraud reports add to the overall negative impression, raising questions about the broker's reliability and trustworthiness. Potential users should exercise extreme caution and consider alternative options with more comprehensive and dependable features.



Q: Is Finle a regulated broker?

A: No, Finle is an unregulated broker, which means it operates without oversight by any financial authority.

Q: What trading instruments are available on Finle?

A: Finle exclusively offers Forex trading, with a focus on currency pairs.

Q: What is the maximum leverage offered by Finle?

A: Finle provides a maximum trading leverage of up to 1:500, allowing traders to control larger positions with a smaller amount of capital.

Q: What deposit and withdrawal methods does Finle accept?

A: Finle accepts only cryptocurrencies for deposits and withdrawals, potentially limiting accessibility for those who prefer traditional fiat currencies.

Q: Does Finle provide educational resources for traders?

A: No, Finle does not offer educational materials, which may hinder traders' ability to enhance their skills and knowledge in the Forex market.

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